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The interbank cost of borrowing three-month dollar, sterling and euro funds rose on Tuesday, according to the British Bankers Association's latest daily fixing, despite central banks continuing to pump funds into the money market.
Stricken German lender IKB got another $700 million of taxpayers' cash to bolster itself amid more subprime writedowns, exasperating politicians who said it should get no more state help.
The European Central Bank lent euro zone banks an extra 15 billion euros on Thursday to tide them over the Easter holiday period, although banks bid for four times as much.
China's Ping An Insurance Co deepened its ties with Belgian-Dutch financial group Fortis on Wednesday by buying half its asset management business for 2.15 billion euros ($3.4 billion).
1st paragraph of U.S. office supply retailer Staples left the price of its offer for Corporate Express unchanged on Tuesday and said it plans to launch a hostile bid. should go here
European Central Bank Executive Board members stressed on Tuesday the role of the ECB as a guardian of price stability, giving the strong euro only scant mention.
Financial trading and interbank lending almost ground to a halt on Monday as banks grew fearful of dealing with each other following Friday's near collapse of U.S. investment firm Bear Stearns, prompting talk of another round of coordinated central bank aid.
U.S. private equity group Carlyle will look at ways to help investors who have lost money in Dutch-listed Carlyle Capital Corporation (CCC) , Carlyle co-founder David Rubenstein told media in comments confirmed to Reuters by a spokeswoman.
Euro zone inflation hit a new record high of 3.3 percent in February, the European Union's statistics office said, with soaring oil prices taking their toll despite the cushion of a strong euro.
An affiliate of U.S.-based buyout firm Carlyle Group has defaulted on about $16.6 billion of debt and expects its lenders to seize remaining assets as the global credit crunch tightens around leveraged investors.
European Central Bank President Jean-Claude Trichet said disorderly swings in currencies were undesirable, according to an interview with a French magazine published on Thursday.
Dutch electronics giant Philips continued to offload stock in its South Korean flat screen joint venture, selling about $1 billion worth of shares in LG Display.
European Central Bank President Jean-Claude Trichet said on Monday that the bank is currently concerned about excessive movements in currency exchange rates which are undesirable for economic growth.
Carlyle Capital Corp, an affiliate of private equity firm Carlyle Group, said on Monday it has asked lenders for a standstill agreement as it faces more than $400 million in margin calls.
Dutch-Belgian financial services group Fortis said its profit halved in the fourth quarter after a 1.5 billion euro ($2.3 billion) subprime-related writedown.
Central bankers from the world's industrialised and developing regions voiced concern on Friday over surging food and energy prices, their latest big challenge as globalisation unsettles the balance of supply and demand.
Private equity firm Carlyle Group's Dutch-listed affiliate said on Friday it may face cashflow problems after it received substantial additional margin calls and default notices.
Akzo Nobel, the world's biggest producer of paints, posted forecast-beating fourth-quarter results on Thursday, boosting its shares as its coatings business grew despite the U.S. housing market crisis.
The European Central Bank's surplus fell to 286 million euros ($439 million) last year from 1.37 billion euros in 2006, because of the euro's strength, the bank said on Thursday.
The European Central Bank and the Bank of England are likely to keep interest rates unchanged at their meetings on Thursday but monetary policy easing is on the cards for later, analysts and dealers expect.